The Psychology of Kenneth Lay

Kenneth Lay is CEO and Chairman of a successful energy trading company called Enron. Kenneth Lay was born between April 15 and 1942 (Johnson, 2004). As everyone knows, his company has the most innovative accounting procedures. Kenneth Lay has become a son of religious Baptist families. Kennethley is also an educated person; his highest academic record is a doctorate in economics. Kenneth Rey also served the US Navy for about three years. When Kenneth grew up, he knew that he must always support his family.

Enron was formed by the merger of Houston Gas and Internorth. Kenneth, CEO of Houston gasoline, led the merger of the two companies. Kenneth became CEO of Enron. Previously, Enron was fully involved in the distribution and distribution of electricity and natural gas in the United States. At the time of the merger, Enron assumed a large debt, which led to deregulation. After that, Enron lost the right to its pipeline. The company must find ways to create profits and cash flows. Kenneth hired Jeffrey Skilling as Enron's accountant. Skilling recommends purchasing natural gas from the supplier network and selling it to consumers with a fixed price and contract.

In Enron's case study Kenneth Lay, it is clear that Kenneth Lay is perfect mindfulness. He knows all the loopholes of the company, all the circumstances, the price of Enron shares, and the publicly released results after the data has been manipulated. His rise is an example of how prudent he is. He acquired a Ph.D in Economics and served as President of the Missouri Brotherhood. He used the right idea in the wrong direction, but he was extremely conscious of various ways to raise the stock price of the company. Because of his spiritual behavior, he was able to manipulate the staff to equip the number. He knew that employees would refuse to do so because it was morally legitimate and completely illegal, he did so. As he noticed the different situation he would face soon to meet their reaction and his personal need very quickly. He read this before others elicited their interests.

The relationship between President George W. Bush and Enron and Chief Executive Officer Kenneth Rey has excellent track records in major US newspapers. However, when Enron became a devastating organization with Apple's bad CEO, Lai and other executives were sued. He died of heart disease before conviction (Bendiktsson, 2010). The fifth reason may be a victim of crime. If the victim of the white collar crime is another upper class person, the ruling class wants to protect that person. The victimization of the members of the upper class by other members of the upper class can be regarded as a crime. Members of the upper class need to protect people in their class from abnormalities. This is a conflict between dominant classes of groups (Wheelock et al., 2011). Perhaps Madoff can be used as an example. Rich Rich deposits funds in Madoff's investment fund and promises a very good return. Instead, they lost money

This document was downloaded from BI Brage, an organizational knowledge base (open access) of BI Norwegian Business School.